Family Health Centers Inc (EIN 610716483) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Phone

5027728558

Tax Period

2023-01-01 to 2023-12-31

Family Health Centers Inc, founded in 1989, is a mid-sized nonprofit in the Health Care sector that reported $47.7M in total revenue in fiscal year 2023. Expenses of $44.5M left a modest 7% surplus.

Mission

THE MISSION OF FAMILY HEALTH CENTERS, INC IS TO PROVIDE RESIDENTS OF LOUISVILLE & JEFFERSON COUNTY ACCESS TO HIGH QUALITY PRIMARY AND PREVENTATIVE HEALTH CARE SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,910,296

Program Service Revenue $34,137,740

Investment Income $629,159

Other Revenue $981,731

TOTAL REVENUE $47,658,926

Expense Breakdown

Grants Paid $21,075

Salaries & Benefits $24,525,842

Fundraising Expenses $0

Program Expenses $37,229,735

Other Expenses $19,927,196

TOTAL EXPENSES $44,474,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,658,926	$48,401,292	0.0%
Expenses	$44,474,113	$45,663,217	0.0%
Net Income	$3,184,813	$2,738,075	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

428

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,041,325

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIRPERSON	2.0	Officer Director	$0	$0	$0
N/A	CHAIRPERSON	2.0	Officer Director	$0	$0	$0
N/A	SECRETARY	2.0	Officer Director	$0	$0	$0
N/A	VICE CHAIR	2.0	Officer Director	$0	$0	$0
N/A	TREASURER	2.0	Officer Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMEBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMEBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	Chief Executive Officer	37.5	Officer	$202,554	$76,229	$278,783
N/A	CHIEF MEDICAL OFFICER	37.5	Officer	$200,904	$58,612	$259,516
N/A	Chief Medical Officer	37.5	Officer	$174,134	$64,787	$238,921
N/A	Chief Financial Officer	37.5	Officer	$183,187	$80,918	$264,105
N/A	Physician	37.5	Highest	$166,450	$60,178	$226,628
N/A	Physician	37.5	Highest	$184,702	$80,984	$265,686
N/A	Dentist	37.5	Highest	$146,076	$53,367	$199,443
N/A	Physician	37.5	Highest	$156,080	$51,397	$207,477
N/A	Physician	37.5	Highest	$159,534	$66,112	$225,646

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$47,658,926	$44,474,113	$59,470,723	$3,184,813
2022	$48,401,292	$45,663,217	$59,582,036	$2,738,075
2021	$51,914,692	$45,396,056	$55,821,219	$6,518,636
2020	$40,129,264	$47,837,883	$55,888,380	$-7,708,619
2019	$40,716,262	$47,103,271	$49,515,952	$-6,387,009
2018	$39,661,145	$47,446,798	$46,389,656	$-7,785,653

Family Health Centers Inc